Options for Managing Guaranteed Residual Value (One-time payment) on Asset Lease
in Assets
Summary:
My client has scenario where they would like the guaranteed residual value entered for an asset lease to be included on asset liability, but control when to recognize/account for the lease liability payment of the residual value on the amortization schedule at the end of the lease term. Would like to know the available options for this?
For context, client rather wants to have control of the recognition so that in the month when the accounting of the residual value payment is due, the entries do not get generated automatically after calculating lease expense for the period.
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